Nonprofit · EIN 41-0745441
PAUL BUNYAN RURAL TELEPHONE COOPERATIVE
Tax-exempt · BEMIDJI, MN 56601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $77,772,539 | $76,627,300 | $1,145,239 | $196,528,571 | $44,692,796 | $151,835,775 |
| December 31, 2023 | 990 | $77,599,527 | $76,689,624 | $909,903 | $189,335,170 | $43,733,120 | $145,602,050 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $77,353,574
- Investment income
- $197,109
- Net rental income
- $221,536
- Net gain from sales of assets
- $80,326
- Other revenue
- $221,856
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $9,527,059
- Compensation of officers, directors and key employees
- $3,967,659
- Salaries, compensation and benefits (total)
- $6,797,897
- Professional fundraising fees
- $0
- Legal fees
- $26,354
- Accounting fees
- $1,598,043
- Depreciation
- $13,598,632
Balance sheet and other
- Total assets, start of year
- $189,335,170
- Total assets, end of year
- $196,528,571
- Total liabilities, end of year
- $44,692,796
- Net assets, end of year
- $151,835,775
- Land, buildings and equipment
- $160,019,981
- Gross unrelated business income
- $662,455
- Gross receipts
- $77,791,112
- Employees
- 171
- Volunteers
- 0
- Year formed
- 1952
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GARY JOHNSON | CEO & GM Officer | 40 | $454,434 | $363,336 |
| DAVE SCHULTZ | CHIEF FINANCIAL OFFICER (JAN - NOV) Officer | 40 | $326,787 | $188,828 |
| CHAD BULLOCK | ASST. CEO Officer | 40 | $272,822 | $76,924 |
| STEVE HOWARD | INFO, TECH & DEVELOPMENT M Officer | 40 | $226,838 | $68,914 |
| ROBERT ST CLAIR | CHIEF NETWORK OFFICER Officer | 40 | $219,402 | $66,826 |
| CHRISTIE TURN | CHIEF OPERATING OFFICER Officer | 40 | $211,044 | $65,201 |
| LEO ANDERSON | CHIEF TECHNOLOGY OFFICER Officer | 40 | $212,835 | $50,920 |
| LISA GEERDES | NETWORK TECHNOLOGY MANAGER Highest-paid employee | 40 | $128,056 | $48,352 |
| TERRI CREWS | ACCOUNTING SUPERVISOR Highest-paid employee | 40 | $121,802 | $41,101 |
| RYAN OTTING | NETWORK OPERATIONS MANAGER Highest-paid employee | 40 | $118,963 | $40,318 |
| GRANT HIKOK | DATA SERVICE REP - VIDEO Highest-paid employee | 40 | $115,226 | $31,256 |
| CRYSTAL MATTFIELD | IT SUPERVISOR Highest-paid employee | 40 | $116,868 | $24,797 |
| CRAIG BOYER | CHIEF FINANCIAL OFFICER (DEC) Officer | 40 | $76,683 | $6,560 |
| TIM HINS | TREASURER Trustee or director, Officer | 2 | $48,149 | $0 |
| JAMES SUTTON | VICE PRESIDENT Trustee or director, Officer | 2 | $46,801 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RANDY FRISK | PRESIDENT Trustee or director, Officer | 2 | $42,575 |
| TRACY MISTIC-SCHAAR | DIRECTOR Trustee or director | 2 | $42,009 |
| BRUCE CAMPBELL | SECRETARY Trustee or director, Officer | 2 | $39,908 |
| BRIAN NICKLASON | DIRECTOR Trustee or director | 2 | $34,093 |
| GLENDA MARTIN | DIRECTOR Trustee or director | 2 | $24,174 |
| GARY ECKLUND | PAST BOARD MEMBER Former | 2 | $14,859 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GARY JOHNSON | CEO & GM Officer | 40 | $530,374 | $12,152 |
| DAVE SCHULTZ | CHIEF FINANCIAL OFFICER Officer | 40 | $305,919 | $9,219 |
| ROBERT ST CLAIR | NETWORK OPERATIONS MANAGER Highest-paid employee | 40 | $202,709 | $6,907 |
| STEVE HOWARD | INFO, TECH & DEVELOPMENT M Highest-paid employee | 40 | $198,102 | $6,757 |
| LEO ANDERSON JR | TECHNOLOGY EXPERIENCE MANA Highest-paid employee | 40 | $187,175 | $5,664 |
| CHRISTIE TURN | CUSTOMER SERVICE MANAGER Highest-paid employee | 40 | $173,468 | $5,383 |
| RANDY FRISK | PRESIDENT Trustee or director, Officer | 2 | $43,749 | $0 |
| JAMES SUTTON | VICE PRESIDENT Trustee or director, Officer | 2 | $42,838 | $0 |
| TIM HINS | TREASURER Trustee or director, Officer | 2 | $41,489 | $0 |
| BRUCE CAMPBELL | SECRETARY Trustee or director, Officer | 2 | $40,930 | $0 |
| TRACY MISTIC-SCHAAR | DIRECTOR Trustee or director | 2 | $39,725 | $0 |
| BRIAN NICKLASON | DIRECTOR Trustee or director | 2 | $32,309 | $0 |
| GLENDA MARTIN | DIRECTOR Trustee or director | 2 | $27,932 | $0 |
| KATHLEEN PETERSON | PAST DIRECTOR Trustee or director | 2 | $5,212 | $0 |
Address and contacts
- Address (IRS master file)
- 1831 ANNE ST NW, BEMIDJI, MN 56601-5655
- Principal officer (990 for 2024)
- CRAIG BOYER, 1831 ANNE ST NW SUITE 100, BEMIDJI, MN 566015660
- Signed the 990
- CRAIG BOYER, CHIEF FINANCIAL OFFICER
- Phone
- (218) 444-1234
- Website
- WWW.PAULBUNYAN.NET
- Return prepared by
- OLSEN THIELEN & CO LTD
Mission
PROVIDE TELECOMMUNICATION SERVICES TO COOPERATIVE MEMBERS THAT IMPROVES THEIR LIVES.
Program accomplishments
- PROVISION OF TELEPHONE, INTERNET, AND CABLE TELEVISION SERVICES TO COOPERATIVE MEMBERS LIVING AND WORKING IN RURAL MINNESOTA. PAUL BUNYAN CONTINUES TO EXPAND OUR SERVICES TO RURAL AREAS THAT ARE UNSERVED AND UNDERSERVED FOR TELECOMMUNICATIONS SERVICES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-0745441
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1958
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $196,528,571
- Income (IRS master file)
- $77,791,112
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $77,772,539 | $76,627,300 | $196,528,571 | IRS |
| 990 | December 2023 | $77,599,527 | $76,689,624 | $189,335,170 | XML |
| 990 | December 2022 | $75,862,439 | $75,761,663 | $175,241,374 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0745441).
Questions about PAUL BUNYAN RURAL TELEPHONE COOPERATIVE
- What is the EIN of PAUL BUNYAN RURAL TELEPHONE COOPERATIVE?
- The employer identification number (EIN) of PAUL BUNYAN RURAL TELEPHONE COOPERATIVE is 41-0745441.
- Is PAUL BUNYAN RURAL TELEPHONE COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1958.
- Are donations to PAUL BUNYAN RURAL TELEPHONE COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PAUL BUNYAN RURAL TELEPHONE COOPERATIVE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PAUL BUNYAN RURAL TELEPHONE COOPERATIVE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PAUL BUNYAN RURAL TELEPHONE COOPERATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PAUL BUNYAN RURAL TELEPHONE COOPERATIVE?
- The 990 for the year ended December 31, 2024 names CRAIG BOYER.
- Who are the officers and directors of PAUL BUNYAN RURAL TELEPHONE COOPERATIVE?
- The 990 for the year ended December 31, 2024 lists 21 people; 21 received compensation from the organization, the highest $454,434 (GARY JOHNSON, CEO & GM).
- How much revenue does PAUL BUNYAN RURAL TELEPHONE COOPERATIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $77,772,539, expenses of $76,627,300 and total assets of $196,528,571 at year end.
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